BUSN115 – Week 1 1. No one can predict a natural disaster or world crisis. When a hurricane or flood or a pandemic strikes a country, who is most likely to respond first? Which economic system is the best solution for handling a crisis of epic proportion? (Points: 13) It is so true that there is no one can predict a natural disaster or world crisis, but when a hurricane or flood or a pandemic strikes a country, the first most likely that I will respond to is my family and then the Local Emergency Center and the Public Health Department for help. I think the best economic system solution for handling a crisis of epic proportion is the communism, because they keep the communication between the government and the people to keep the supplies or goods at the lower prices, instead raising the prices when people really needs them. 2. What advantages might a socialist system have in responding to the needs of people struck by an emergency situation like the earthquake that occurred in Haiti in January of 2010? (Points: 13)
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